The Business Times, 31 May 2010
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2010-05-31
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The Business Times
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Title Section23 2010-05-31 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Monday, May 31,201023 words
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Article, Illustration632 2010-05-31 1 CHEN HUIFEN - Uniquely China flavour to the fore as popular items get snapped up By CHEN HUIFEN THE World Expo in Shanghai acknowledged as the biggest ever is certainly living up to the hype. The cash registers are ringing without pause and the buzzAP - 632 words
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971 2010-05-31 1 GENEVIEVE CUA - Insurers claim that merger is not anti-competitive but no verdict from panel yet By GENEVIEVE CUA [SINGAPORE] Amid price renegotiations and investor concerns, the proposed merger between Prudential and AIA faces one more hurdle. Its architects must satisfy Singapore that it will not affect971 words
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Article157 2010-05-31 1 BT ONLINE BT print subscribers get free access to BT Online at www.businesstimes.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. MARKETS Weekly Change ST Index 2,739.70 +38.50 KL COMP 1,265.16 -16.57 NIKKEI 225 9,762.98 -21.56 HANG SENG 19,766.71 +220.88 SET INDEX 737.28 -28.26 JAKARTA COMP 2,713.92 90.70157 words
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Advertisement134 2010-05-31 1 PROPERTY The Minton sells 180 units over weekend PAGE 4 CORPORATE GOVERNANCE Directors in UK to seek re-election every year PAGE 4 DINING OUT Italian-inspired fare YOUNG INVESTORS Combining capitalism with altruism PAGE PAGE 23 > OYSTER PERPI SUBMARINER N 18 CT YELLOW UAL ATE OLD MM C> <o ?v134 words
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TOP STORIES
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652 2010-05-31 2 TEH SHI NING - It was hampered by fees dispute with auditor and ED didn’t heed advice By TEH SHI NING [SINGAPORE] NEL Group’s audit committee yesterday came out with its side of the story, after the Singapore Exchange dealt both the company and directors652 words
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Article, Illustration806 2010-05-31 2 ANDREW MARKS - Pace of US economic recovery could provide new focus for market WALL STREET INSIGHT By ANDREW MARKS YOU have to go back to 1962 to find a worse May. But as it draws to a close, US stock marketAFP - 806 words
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286 2010-05-31 2 Reuters [LONDON] British treasury minister David Laws, a key architect of plans to rein in a gaping budget deficit, resigned on Saturday after revelations about his expenses, dealing a blow to the new coalition government. Conservative Prime Minister David Cameron replaced Mr Laws, theReuters - 286 words
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THREE-MINUTE DIGEST
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65 2010-05-31 2 AMID price renegotiations and investor concerns, the proposed merger between Prudential and AIA faces one more hurdle. Its architects must satisfy Singapore that it will not affect competitiveness within the industry. The two insurers, whose combined market share in Singapore, is likely to be65 words
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79 2010-05-31 2 THE World Expo in Shanghai acknowledged as the biggest ever is certainly living up to the hype. The cash registers are ringing without pause and the buzz is unmistakeable. The buying euphoria can be seen at major souvenir outlets within the Expo79 words
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114 2010-05-31 2 YOU have to go back to 1962 to find a worse May. But as it draws to a close, US stock market strategists have begun talking hopefully of the coming month, and how US economic news and corporate earnings may114 words
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100 2010-05-31 2 IN a widely watched property release, developer Kheng Leong sold about 180 units of The Minton condo in Hougang as of 6 pm yesterday. This is out of a batch of more than 300 units that Kheng Leong has released in the 1,145-unit100 words
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66 2010-05-31 2 AFTER four consecutive financial years of losses, former textile company Ban Joo, now reincarnated as a regional telecommunications player, has finally turned around with a net profit of $3 million for the 18 months ended March 31, 2010. This is a reversal66 words
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72 2010-05-31 2 MALAYSIA sold US$1.25 billion worth of 5-year sukuk at par with a yield spread of 180 basis points over US Treasuries, marking its first global bond in eight years, a market source said. The order book for the Islamic bond72 words
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82 2010-05-31 2 ADD another entry to the list of worries for the global economy and financial markets: labour unrest in China. Rapidly rising industrial wages are beginning to allow China’s workers to share in their country’s rising prosperity. The question is whether these82 words
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56 2010-05-31 2 SINGAPORE is creating a conducive infocomm environment to capitalise on the rapidly evolving technology in mobile broadband, encompassing futuristic areas such as femtocells, long-term evolution telephony, and machine-to-machine communications. That vision comes from Tan Geok Leng, chief technology officer of the Infocomm Development56 words
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378 2010-05-31 4 Reuters [LONDON] All directors of FTSE 350 companies will have to seek annual re-elec-tion by shareholders in order to increase accountability, under new guidelines published by the Financial Reporting Council (FRC) last Friday. Corporate governance systems have come under scrutiny followingReuters - 378 words
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Article, Illustration507 2010-05-31 4 KALPANA RASHIWALA - Observers say sales below figures achieved during March/April height By KALPANA RASHIWALA [SINGAPORE] In a widely watched property release, developer Kheng Leong had sold about 180 units of The Minton condo in Hougang as of 6 pm yesterday. This is out of a507 words
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561 2010-05-31 4 CHEN HUIFEN - Most of the consumption comes from the locals By CHEN HUIFEN IT is no wonder why everyone wants a slice of the urban Chinese disposable income. According to the People’s Daily, average daily commercial sales turnover at the Shanghai World Expo was more561 words
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Article, Illustration428 2010-05-31 4 ARTHUR LEE - Patek Philippe holds its first exhibition of fine timepieces here By ARTHUR LEE [SINGAPORE] It’s often said that prices are spoken of in hushed tones when it comes to fine jewellery. And sometimes they are not mentioned at all, for reasons like exclusivity orARTHUR LEE - 428 words
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Advertisement186 2010-05-31 2 Asia's Largest ICT Digital Multimedia One-Stop Platform With Over 2000 Exhibitors wmenSniseKiT'ZaiWM 15-17 JUNE 2010 10:30am 6pm Mf pn c CY n 18 JUNE 2010 10:30am 4pm SINGAPORE EXPO EVENT HIGHLIGHTS: Exhibition Witness over 235 product launches from exhibitors around the world Experience the latest technologies from 3D Interactive Technologies,186 words
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Advertisement68 2010-05-31 2 ®co)<o)Ds> n^cmn^ic^rEicuo^nnn BRAND NEW > Binjai Park *****sqft/7000sqft Good Privacy* 25m Lap Pool > Renowned Designer Ask $17.8M PLOT A Binjai Park *****sqft/*****sqft Flat Squarish Land > 46m Frontage Ask $28M PLOT B »Binjai Park *****sqft/7600sqft Quiet, Serene setting Charming Single Storey House Ask $32M FOR Sfil€ BINJfll PORK €V€IVN68 words
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Advertisement134 2010-05-31 3 Over 500,000 people are in the air right now. You know the feeling. Sailing high above the clouds, waiting with childlike anticipation for that screeching of rubber on tarmac. What opportunities will this new place bring? A reunion? A holiday? A new home? We believe in having an open mind134 words
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Advertisement1059 2010-05-31 4 C0Z CREDIT AGRICOLE CORPORATE INVESTMENT BANK Incorporated in France with limited liability Head Office: 9, quai du President Paul Doumer ***** Paris La Defense cedex France Website www.ca-cib.com Singapore Branch: 168 Robinson Road #22-01 Capital Tower Singapore *****2 Tel: 65 6535 4988 Fax 65 6532 2422 Consolidated Balance Sheet ASSETS1,059 words
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Advertisement103 2010-05-31 5 c YEARS AHEAD IN HUMAN DESIGN EVEN MORE VISIONARY IN ITS LOCATION ig j MGPA Asia Square is a landmark office development that defines the new Marina Bay downtown. Enjoy the lush greenery of the Central Linear Park next door along with the magnificent Gardens by the Bay. With world-class103 words
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SINGAPORE MARKETS
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Article, Illustration652 2010-05-31 6 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent THE main question that will dominate trading this week is whether once the short-covering is completed, the shorting will resume. To answer this, investors will have to ponder the likelihood that the “Aegean contagion” or the PIIGS (Portugal, Italy,652 words
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Article545 2010-05-31 6 ONG YI LING - COMMODITY WATCH By ONG YI LING Ong Yi Ling is an investment analyst with Phillip Futures GOLD hit an all-time high of US$1,249.40 per ounce on May 14. Since then, prices have fallen for five consecutive days to close at US$1,175.15/oz on May 21. This545 words
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432 2010-05-31 6 CURRENCIES Bloomberg [MANILA] Asian currencies had their biggest weekly gain in almost two months as reports showed regional economies are improving and concern faded that Europe’s debt crisis will worsen. The South Korean won and the Philippine peso were theBloomberg - 432 words
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Article111 2010-05-31 6 BY CENTS CLOSE UP GLD 10US$ ***** 548.6 3.4 DBXT Nifty 10US$ ***** 482.7 3.3 JMH 3474 238.5 5.1 DBXT FTChina25 10US$ 2755 141.7 3.8 Thai Prime Fd 600 140.3 20.0 JSH 1958 134.7 5.2 DBXT FTVietnam 10US$ 4239 92.6 1.6 Jardine C&C 2778 90.0 3.3 DBXT MSAsExJp 10US$111 words
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Article122 2010-05-31 6 BY CENTS CLOSE DOWN DBXT MSUSA 10US$ 2549-245.5 -6.4 WesTech 120-180.0 -60.0 DBXT MSEurope 10US$ 3580-141.7 -2.7 Lyxor India Nifty 10 1450-130.0 -8.2 DBXT DJE50 10US$ 3344-101.0 -2.1 DBS.ES.1005 1352 -74.0 -5.2 STXPO 100 1310 -64.0 -4.7 DBXT MSTaiwan 10US$ 1409 -58.9 -2.9 DBXT S&P Short 10US$ 5440 -50.5122 words
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Article1440 2010-05-31 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price Allgreen Prop Ltd 2.36 2.00 11 11.27 8.96 1.39 1.02 ARA Asset Mgt Ltd 1.75 1.67 4 7.24 12.84 1.18 0.93 Armstrong Ind Corp Ltd 1.00 1.001,440 words
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Article87 2010-05-31 6 Where S$ stands May 27 CHNG YR 2010 CLOSE FR May 26 S$ LOW S$ HIGH US$ 1.4058 0.00 1.4219 1.3680 Euro 1.7239 0.61 2.0153 1.7060 Pounds 2.0378 -0.58 2.2831 2.0003 A$ 1.1739 -0.49 1.2960 1.1515 Yen* 1.5568 -0.01 1.5927 1.4467 Rupiah* 0.***** -0.64 0.***** 0.***** Baht* 4.3189 0.0287 words
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Article65 2010-05-31 6 May 27 VALUE CLOSE BT OB/OS -1157.00 +143.0 BT CADI -*****.00 +197.0 BT 10-day MA -*****.00-116.00 FTSE ST Mid Cap 654.21 +9.47 FTSE ST Small Cap 500.32 +5.93 FTSE ST All Share 673.39 +10.42 FTSE ST China Top 250.94 +3.62 FTSE ST China 275.87 +4.43 FTSE ST65 words
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Article57 2010-05-31 6 VOLUME Genting SP 621,241,000 Golden Agri 365,057,000 Noble Grp 163,619,000 Yangzijiang 147,083,000 Abterra 123,388,000 Cosco Corp 122,418,000 NOL 114,992,000 SingTel 100,595,000 Z-Obee Hldgs 94,300,000 UniFiber 84,775,000 VALUE($) Genting SP 601,851,944 DBS Grp 415,663,673 OCBC Bk 357,442,921 Keppel Land 294,135,374 SingTel 284,799,585 Noble Grp 276,672,862 UOB 264,076,578 Wilmar57 words
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Article, Illustration1557 2010-05-31 8 ROBERT HALILI - But the buyback activity among listed firms slowed last week INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd THE buying among directors rose for the fourth straight week while the selling remained low based on filings on the Singapore1,557 words
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COMPANY NEWS
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511 2010-05-31 7 VEN SREENIVASAN - Turnaround comes after 4 years of losses and despite fall in revenue By VEN SREENIVASAN AFTER four consecutive financial years of losses, former textile company Ban Joo, now reincarnated as a regional telecommunications player, has finally turned around with a net profit511 words
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Article690 2010-05-31 7 SIOW LI SEN - HOCK LOCK SIEW By SIOW LI SEN TWELVE months ago, Singapore hosted the 6th Islamic Financial Services Board (IFSB) Summit, the first time the annual event that discusses key issues and developments in the regulation and supervision of Islamic financial services was held in690 words
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Article, Illustration634 2010-05-31 9 TIMOTHY SEOW - Image depends on the fundamentals: TBWA Singapore chairman By TIMOTHY SEOW HOW does one go about restoring the image of a bank after the financial crisis of 2008? TBWA Singapore’s (TBWA Singapore) chairman Phillip Brett, whose agency headed Standard Chartered’s634 words
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Article403 2010-05-31 9 May 27 BANKS Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banco Bilbao Vizcaya Argentaria, S.A. 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5 Bank of China Limited 5.5 Bank of Communications 5.5 Bank of403 words
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Article151 2010-05-31 9 COMPANY MEETING PLACE DATE TIME Ionics S Sta. Elena Golf and Country Club, Cabuyao, Laguna 28-May 10.00am Guangzhao IFB A Rendezvous Hotel Singapore, 9 Bras Brasah Road, (Straits Ballroom 1, Level 2), Singapore *****9 31-May 9.30am LKH A Chijmes Hall, 30 Victoria Street, Singapore *****6 31-May 11.00am Starhill151 words
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Advertisement24 2010-05-31 7 EMPORIO PROPERTY GROUP LacCies GjentCemen We corcCiaCCy invite you To lease or sellyourproperty with TSMTORIO TROPERTy QROUT TCease 'KS.V.'P Warmest Regards, EVA 9634 976924 words
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Advertisement252 2010-05-31 7 Nurturing Financial Leaders of tomorrow The FSDF Finance Scholarship Programme (FSP) The financial services industry will be re-shaped as we emerge from the crisis. The focus on competency and specialization will be even more pronounced. Given this, grooming the right talent remains a key pillar in Singapore's development as an252 words
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Advertisement793 2010-05-31 8 vc/z ua ur a Cathay United Bank Head Office: No 7, Song Ren Road, Taipei, Taiwan (R.O.C) Singapore Branch: 6 Raffles Quay, #20-06, Singapore *****0 Tel: (65) 6593 9280, Fax: (65) 6324 1959, Co. Reg. No.:T08FC7284E BALANCE SHEET AS AT DECEMBER 31, 2009 AND 2008 STATEMENTS OF INCOME FOR THE793 words
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Advertisement175 2010-05-31 8 June Pulses out now! PEOPLE RoxyPacific's Too Hong Lim and his bros: Covenng all the bases TOP STORY HERE'S LOOKING AT THE ALTERNATIVE ASSETS T COMPANIES Tiger Airways: Tne sky's the limit Lippo-Mapletrcc Indonesia Retail Trust: Bafga*i sJidocing in Indonesia □thers: UOB. Noble Group SGX, Mapletree Logistics PLUS 5GX's Fwiiiv175 words
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Advertisement23 2010-05-31 8 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. MATS NOTICES23 words
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Advertisement332 2010-05-31 9 Accounting Accounting backlogs Messy Accounts Migration of accounting systems Reconciliation problems in P&L, fixed assets, stocks 285S* CoflVP The Accounting SWAT team offers expert help and fast turnaround to accounting problems, including any of the above. Call 6-222 6868 now AccountServe for the Accounting Specialists www.AccountServe.com.sg QDBSyZ We are your332 words
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SINGAPORE NEWS
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Article, Illustration1210 2010-05-31 10 TIMOTHY SEOW - Samsonite aims to stay tough and add oomph With Asian business growing, company exploring setting up design centre here By TIMOTHY SEOW “WHEN you are looking for a wife, you don’t just want a good cook; you also want her to be sexy. It’s the same thing with our product,”YEN MENG JIIN - 1,210 words
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Article, Illustration167 2010-05-31 10 MARINA Barrage welcomed its one millionth visitor yesterday. Lee Soon Kwang and his family, on their first visit to Marina Barrage, were greeted by Senior Parliamentary Secretary for the Ministry of the Environment and Water Resources, Amy Khor and the PUB mascot Water167 words
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Article, Illustration313 2010-05-31 10 ARTHUR LEE - By ARTHUR LEE STANDARD Chartered yesterday announced a six-month initiative to serve customers at teller counters at 18 branches within eight minutes. From June 1, if this service standard is not met, Stanchart will donate one dollar to charity. The move is part of the bank’sARTHUR LEE - 313 words
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Article874 2010-05-31 10 Payment Ex Books Pay (cts) date close date 8Telecom Intl bn 0.622 11-May 13-May 02-Jun AIMS AMP Cap Ind Reit ag 0.538 20-May 24-May 28-Jun Amara Hldgs an 0.500 14-Jun 16-Jun 28-Jun Apex-Pal Intl an 0.500 07-Jun 09-Jun 23-Jun Armstrong Ind an 1.600 13-May 17-May 31-May Asia Pac874 words
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Advertisement348 2010-05-31 10 V? vvoria dcieniiTic Connecting Great Minds POI.ITICAI- BOOMS Best-Selling China Titles by prominent scholars from Harvard, Princeton and University of Chicago POLITICAL BOOMS Local Money and Power in Taiwan, East China, Thailand, and the Philippines by Lynn T White (Princeton University, USA) Why have Taiwan, rich parts of China, and348 words
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Advertisement18 2010-05-31 10 Head to CATS FASTADS in The New Paper for job opportunities! MATS BUY IT SELL IT FIND IT18 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration1166 2010-05-31 11 KAREN CHO - Banyan Tree founder Ho Kwon Ping says that running a profitable business is not incompatible with building a better world, reports KAREN CHO KAREN CHO This article is republished from INSEAD Knowledge with permission CAN business and philanthropy mix? According to the founder of the luxuryFILE PHOTO - 1,166 words
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Article, Illustration960 2010-05-31 11 CHANG ZI QIAN - It’s a link which promises to be professionally profitable and personally satisfying, says CHANG ZI QIAN CAMPUS LIFE CHANG ZI QIAN The writer is a third-year undergraduate at the School of Law, SMU IT WAS my ninth time flying to mainland China and the960 words
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Advertisement271 2010-05-31 11 Be smart with your finances FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors’ Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have271 words
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VIEWS FROM THE TOP
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Article, Illustration1595 2010-05-31 12 THIS WEEK’S TOPIC Who in your opinion is, or was, the greatest business leader Singapore has ever had? Why? Stefanie Yuen Thio Joint Managing Director TSMP Law Corporation NOT to state the obvious, but I think the best business minds that Singapore has ever had the privilege to1,595 words
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Advertisement12 2010-05-31 12 A full list of views from CEOs is also available at http://businesstimes.com.sg12 words
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SINGAPORE ARTS FESTIVAL
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Article, Illustration616 2010-05-31 13 CHRISTOPHER LIM - Don’t try to pigeonhole Nitin Sawhney’s Acoustic Evening, says CHRISTOPHER LIM CHRISTOPHER LIM ‘He’s a famous flamenco guitarist,” a woman confidently declared to her compani o n moments before Nitin Sawhney’s Acoustic Evening started on Friday night at the Esplanade Concert Hall. Then Sawhney616 words
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648 2010-05-31 13 CHEAH UI-HOON - ‘Special’ effects in Lady Macbeth prevent play from being cliched, predictable By CHEAH UI-HOON IN Shakespeare’s tragedy Macbeth, Lady Macbeth makes her appearance only towards the end of scene five of the first act, when she learns in a letter sent by648 words
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Advertisement149 2010-05-31 13 mi m m m i «k m Importing I with DHL 2 Importing m .M i MM liuQnlfc FiW wl WE MAKE IMPORTING SIMPLE. Regulations, middlemen, paperwork and so many other details can leave you tied up in knots. Why not rely on DHL IMPORT EXPRESS WORLDWIDE to untangle your149 words
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ECONOMY WATCH
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Article636 2010-05-31 14 No further major restructuring of Dubai debt is seen too, says official Reuters [DUBAI] The United Arab Emirates’ economic growth is expected to accelerate to up to 3.2 per cent this year and no further major restructuring of Dubai debt is seen, theReuters - 636 words
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253 2010-05-31 14 AFP [TOKYO] Capital spending by big Japanese companies is set to rise for the first time in three years as auto and electronics makers invest more abroad, a survey said yesterday. According to the poll of 1,472 leading firms by business dailyAFP - 253 words
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281 2010-05-31 14 Reuters [LONDON] Britain faces the risk of a double-dip recession and the government should hold off making big spending cuts until the recovery is assured, according to the British Chambers of Commerce (BCC). In its latest economic forecast published yesterday, the businessReuters - 281 words
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Article, Illustration503 2010-05-31 14 But caution is advised if fiscal stimulus is removed Reuters [LIMA] Latin American countries are entering a period of robust economic growth but should exercise caution if they decide to remove fiscal stimulus given uncertainty in the global economy, finance ministers said on Friday.Reuters - 503 words
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Advertisement848 2010-05-31 14 First Gulf Bank 1 'j' 11 cy V F/rsf Gulf Bank PJSC Head Office: PO Box 6316, Abu Dhabi, United Arab Emirates Singapore Branch: 80 Raffles Place, #10-01/02, UOB Plaza 1 Singapore *****4 CONSOLIDATED BALANCE SHEET 31 December 2009 2009 2008 AED 000 AED 000 ASSETS CAPITAL ADEQUACY The capital848 words
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MALAYSIA/INDONESIA
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489 2010-05-31 15 Investor enthusiasm allows it to sell more at lower yield than projected Reuters [HONG KONG] Malaysia sold US$1.25 billion worth of 5-year sukuk at par with a yield spread of 180 basis points over US Treasuries, marking its first globalReuters - 489 words
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161 2010-05-31 15 AP [KUALA LUMPUR] Malaysian opposition-led states have banned sports betting, officials said yesterday, following protests over its approval by the central government in the Mus-lim-majority country. The opposition-led states of Kedah, Penang and Selangor said they fear betting on sports will encourage gambling, aAP - 161 words
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Article2051 2010-05-31 15 VOL May 27 RM +/-(‘000) A M Realty 0.58 0.04 30 Abric Bhd 0.18 0.02 60 Advance Synerg 0.14 -0.01 6563 Adventa Bhd 3.07 0.07 219 Ae Multi Hldgs 0.54 0.02 2529 Affin Holdings 2.88 0.04 1509 Ahmad Zaki Res 0.78 0.03 214 Aic Corp 0.68 0.02 162,051 words
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Article, Illustration277 2010-05-31 15 Reuters [JAKARTA] Indonesia’s president will soon nominate a new central bank governor, an official said on Saturday, filling a post which has been vacant for a year and which is expected to go to the acting governor, Darmin Nasution. Mr Nasution, 61, is seen byReuters - 277 words
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Article, Illustration560 2010-05-31 15 S JAYASANKARAN - Almost 30% of Parkway’s earnings come from Pantai Hospitals, a Khazanah unit MALAYSIA INSIGHT S JAYASANKARAN KL Correspondent ON Friday, Khazanah Nasional made a partial voluntary offer to shareholders of Parkway Holdings, seeking to raise its interest in the Sin-gapore-listed healthcare provider to560 words
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Advertisement204 2010-05-31 15 »s tm WORLD i CITIES SUMMIT www.worldcities.com.sg Liveable Sustainable Cities for the Future 28 June-1 July 2010 Suntec City Convention Centre, Singapore Complex challenges are confronting our cities. How sustainable is Sherri's future? Highlights: Lee Kuan Yew World City Prize World Mayors' Forum Ministerial Dialogue World Cities Summit Expo Expert204 words
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GREATER CHINA
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Article, Illustration763 2010-05-31 16 Pay strike at Honda plant spurs MNCs to seek alternative manufacturing bases NYT [FOSHAN, China] Add another entry to the list of worries for the global economy and financial markets: labour unrest in China. Rapidly rising industrial wages are beginning toNYT; AFP - 763 words
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567 2010-05-31 16 And soon enough, the country will also be a key competitor Reuters [CHICAGO] Explosive economic growth in China and massive government investment in its transportation systems will generate thousands of airplane orders for Boeing Co, but also may expose the company to new competitionReuters - 567 words
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248 2010-05-31 16 Bloomberg [SHANGHAI] Bank of China Ltd, the nation’s third-largest lender by market value, plans to raise 40 billion yuan (S$8.2 billion) selling convertible bonds this week to replenish capital. Investors can buy the six-year bonds on Wednesday, Beijing-based Bank of ChinaBloomberg - 248 words
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Advertisement1674 2010-05-31 16 CREDITSUISSE Consolidated Balance Sheets at 31 December 2009 Assets 2009 CHFm 2008 CHFm Cash and due from banks Interest-bearing deposits with banks Central bank funds sold, securities purchased under resale agreements and securities borrowing transactions of which reported at fair value Securities received as collateral, at fair value of which1,674 words
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Advertisement5734 2010-05-31 17 VOLUNTARY CONDITIONAL CASH PARTIAL OFFER CIMB CIMB BANK BERHAD, SINGAPORE BRANCH by and for and on behalf of IZ1 Deutsche Bank DEUTSCHE BANK AG, SINGAPORE BRANCH h INTEGRATED HEALTHCARE HOLDINGS INTEGRATED HEALTHCARE HOLDINGS LIMITED (Incorporated in the Federal Territory of Labuan, Malaysia) (Company Registration Number: LL*****) an indirect wholly-owned subsidiary5,734 words
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INDIA
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Article, Illustration591 2010-05-31 18 They declined to say how much payment will be but analysts guess US$100-300m Reuters [MUMBAI] Mahindra Mahindra, India’s top utility vehicle and tractor maker, said on Saturday that it had submitted a letter of intent to make a bid for troubled KoreanReuters; AFP - 591 words
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264 2010-05-31 18 Reuters [NEW DELHI] India’s gold imports fell an annual 39 per cent in May, as record prices hit demand in the world’s top consumer at a time when sales were expected to rise because of a Hindu festival. May imports fellReuters - 264 words
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347 2010-05-31 18 400b rupee sale not affected by volatile markets: official Reuters [NEW DELHI] Volatile stock markets have not changed India’s plans to sell stakes in state-run companies, a senior finance ministry official told Reuters last Friday. The government has pencilled in proceeds of roughly 400 billionReuters - 347 words
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Advertisement1635 2010-05-31 18 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com. LB BW Landesbank Baden-Wurttemberg Head Offices: Stuttgart: P.O. Box 10 60 49 D-***** Stuttgart; Karlsruhe: D-***** Karlsruhe Ludwig-Erhard-Allee 4; Mannheim: P.O. Box 10 03 52 D-***** Mannheim; Mainz: D-***** Mainz GroGe Bleiche 54-56 Singapore Branch: 25 International Business Park #01-72 German Centre, Singapore1,635 words
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Advertisement75 2010-05-31 19 This evening, wilftell <of the 5 our Businessman Of the Year. The Business Times and DHL are proud to present the winners of the Singapore Business Awards at the Resorts World Convention Centre tonight. This is Singapore's oldest and most prestigious business award. Businessman of the Year Award (BOY) Outstanding75 words
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ASIA-PACIFIC/WORLD
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Article, Illustration564 2010-05-31 20 Investors back pay report with smaller majority of 87% Bloomberg [LONDON] HSBC Holdings plc suffered the biggest vote against its executive pay awards since at least 2003 after Standard Life plc publicly opposed the report. Investors backed the directors’ pay report, withBloomberg; FILE PHOTO - 564 words
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Article, Illustration765 2010-05-31 20 Run-in ruins a 1-2 prospect for Red Bull’s Webber and Vettel AP [ISTANBUL] Lewis Hamilton led a McLaren 1-2 at the Turkish Grand Prix yesterday after a dramatic run-in between teammates Mark Webber and Sebastian Vettel denied Red Bull a sweep.AP - 765 words
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393 2010-05-31 20 Reuters [TOKYO] The tiny Social Democratic Party (SDP) decided yesterday to leave Japan’s ruling coalition, an official said, after Prime Minister Yukio Hatoyama dismissed its leader from his Cabinet for opposing a deal to keep a US Marines base on Okinawa. The decision wasReuters - 393 words
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289 2010-05-31 20 Bloomberg [SOUTHFIELD, Michigan] The US Treasury and General Motors Co may choose a lead underwriter for the automaker’s initial public offering (IPO) as soon as this week, two people familiar with the matter said last Friday. GM, 61 per cent ownedBloomberg - 289 words
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323 2010-05-31 20 Reuters [LONDON] Britain’s big banks must dig deeper into their pockets over the coming year to pay for tougher supervision, the country’s markets watchdog said last Friday. The Financial Services Authority is wholly funded from levies on financial firms andReuters - 323 words
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Page 20 Advertisements
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Advertisement377 2010-05-31 20 *5 NOTICES BUY IT-SELL IT-FIND IT I, Francis John Maclean Troup, British Citizen currently residing at Block 479, River Valley Road, #10-07, Valley Park, Singapore *****4, hereby give notice of my intention to marry Erni Ernawati an Indonesian Citizen in Batam Indonesia on the 14th July 2010. I hereby give377 words
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FOCUS: EUROZONE CRISIS
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Article, Illustration750 2010-05-31 21 PM Zapatero faces unfavourable responses to tough, austerity measures AP [MADRID] Spain’s Socialist government is seeing its political power erode as it struggles to chart a path out of deep financial trouble and far more problems lie ahead as Prime Minister Jose Luis RodriguezAP; AFP - 750 words
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Article, Illustration304 2010-05-31 21 Reuters [ATHENS] Greece will not restructure its debt and will not need more cuts to achieve fiscal targets set in the emergency funding programme it agreed with the European Union and the IMF, its finance minister told a Sunday paper. TheReuters; REUTERS - 304 words
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Page 21 Advertisements
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Advertisement814 2010-05-31 21 MATS BUY IT• SELL IT• FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg Fortis Bank Nederland FORTIS BANK (NEDERLAND) N.V. (INCORPORATED IN NETHERLANDS) Consolidated Balance Sheet As at 31 December 2009 Assets Minority interests Total equity Total liabilities and equity In EUR million 2009 2008 75 4,722 189,785 3,019 184,203814 words
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AVIATION/SHIPPING
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541 2010-05-31 22 Honeywell taking apart engines of planes sent into Icelandic ash clouds AP [BRUSSELS] A major US jet engine maker says it will investigate the effects of volcanic ash on the engines of aircraft that have flown through the plume. Honeywell Aerospace’s enginesAP - 541 words
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318 2010-05-31 22 Airline says it plans to fly 70% of long-haul flights AP [LONDON] British Airways cabin crew launched a new five-day strike yesterday, as a bitter dispute with management over pay and working conditions drags on with little sign of a breakthrough. BA saidAP - 318 words
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Article2948 2010-05-31 22 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ457 1230 SQ456 1250 EY473 1950 Adelaide LH9771 1745 LH9770 2350 SQ268 1745 SQ269 2350 VS7268 1745 VS7269 2350 Amsterdam LO4031 0605 KL838D 2250 SQ323 0605 LO4032 2345 US5410 0605 SQ324 2345 AZ3992 1525 US5411 2345 KL835 1525 KL837D2,948 words
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Article, Illustration672 2010-05-31 22 Reuters [VENICE, Louisiana] BP plc’s “top kill” oil well plug failed on Saturday, practically killing any optimism among Gulf coast residents that the mammoth spill fouling their coast and fishing industry will end any time soon. Even US President Barack Obama,Reuters; AP - 672 words
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Page 22 Advertisements
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Advertisement22 2010-05-31 22 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. NOTICES22 words
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Page 22 Miscellaneous
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Miscellaneous273 2010-05-31 22 CRYPTIC CROSSWORD Across 7 Sloppy kiss embracing the French (8) 9 Joint American and Labour leaders misrepresented (6) 10 Fair charge getting time inside (4) 11 Brief Conservative following terrible strain (10) 12 Truth, really, about sex (6) 14 Fish, rice and kelp rolled together (8) 15 Sabbath with high273 words
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DINING OUT
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Article, Illustration712 2010-05-31 23 Cheah Ui-Hoon - NEW RESTAURANT Italiannies #01-02 Triple One Somerset 111 Somerset Road Tel: 6736-4211 By Cheah Ui-Hoon ONE of the largest concept F&B operators in Malaysia has brought its Italiannies brand here, a family-style restaurant with Italian-inspired fare, giving the executive crowd a wallet-friendly option712 words
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Page 23 Advertisements
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Advertisement28 2010-05-31 23 Lianhe Zaobao Tough for foreign firms seeking listing here II |f appoint S pore resident I director Hfe ±§r Hrln To subscribe, call 6388-3838 or go to sphsubscription.com.sg28 words
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Advertisement846 2010-05-31 23 MATS ~Ynr^p« Toll free: 1800-289-8822 Email: notices@sph.com. NOTICES Fortis tearing FORTIS BANK GLOBAL CLEARING N.V. (A 100% SUBSIDIARY OF FORTIS BANK NEDERLAND N.V., INCORPORATED IN THE NETHERLANDS) Consolidated Balance Sheet As at 31 December 2009 In EUR thousand 2009 2008 Assets Cash and cash equivalents Due from banks Due from846 words
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SINGAPORE STOCKS
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Article9240 2010-05-31 24 52-wks Tel Last Vol Week Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 18 6 3148 8Telecom 14.5 -1 2292 15.5 14.5 14.5 15 1.7 12.5 4.7 69.4 10 5.5 5834 A-Sonic 7 unch 458 79,240 words
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Article2004 2010-05-31 25 52-wks Tel Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 5 1181 t AA Grp 6.5 6 7 36.1 6.3 25 13 8538 t APStrategic 19 16.5 19 112.7 4 0.52,004 words
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Article117 2010-05-31 25 Stock name Close Change Stock name Close Change Stock name Close Change CapMallsAsia 2.110 +0.020 CapitaLand 3.570 +0.060 CapitaMall 1.840 -0.010 CityDev 10.280 -0.060 ComfortDelGro 1.450 +0.030 DBS Grp 13.780 +0.260 F&N 4.890 +0.180 Genting SP 1.020 +0.020 Golden Agri 0.505 +0.010 HK Land 4.760 +0.100117 words
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Article2699 2010-05-31 25 Transaction date: May 28 For a full listing of the closing prices, log on to BT online at http://business-times.asia1.com.sg after 11.30pm every trading day HONG KONG Vol HK$ +/-'000 Aeon Stores 11.28 0.18 18 Angang Steel 11.36 0.16 ***** Anhui Conch 25.35 1.05 ***** Anhuiexpresswa 4.75 0.3 24902,699 words
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Article186 2010-05-31 25 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 6 4 0 0 0 8 6 4 Manufacturing 49 114 67 1 20 16 50 134 83 Commerce 22 34 20 4 8 6 26 42 26 Tpt/Stor/Comms 17 24 5186 words
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Article763 2010-05-31 25 52-Wk Tel Last Vol Week Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 116 107 6389 ABF SG Bond ETF 116 +1 3 116 116 109.6 114 529.5 883 610 CIMBAsean40 100US$ US795 +9 181 795 775763 words
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Article74 2010-05-31 25 52-Wk Tel Last Vol Week Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 27 6000 AVJennings A42 39 47 3.6 8.3 3.4 109.4 31 13 6017 Genting HK US$ US17.5 -0.5 8268 18 17 17.5 1874 words
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Article123 2010-05-31 25 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 115,800 115,800 422,515 422,515 Manufacturing 1,032,454 69,370 1,101,824 1,035,522 4,175 1,039,697 Commerce 507,813 42,001 549,814 630,119 7,123 637,242 Tpt/Stor/Comms 591,728 3,018 594,746 1,041,457 292 1,041,749 Finance 146,496 64 146,560 1,199,606 6 1,199,612 Construction 190,890 42,905123 words
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Page 25 Advertisements
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Advertisement26 2010-05-31 25 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES26 words
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FINANCE & COMMODITIES
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374 2010-05-31 26 In local curr In S$ In US$ dy yr dy yr dy yr May 28 Index Change Change Change Change Change Change World Index Preliminary 801.5 -0.2 -3.7 -0.3 -7.3 -0.1 -7.3 EAFE Preliminary 737.3 0.3 -6.1 0.4 -13.6 0.6 -13.5 Europe Preliminary 1057.0 -0.1374 words
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Article66 2010-05-31 26 May 27 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 10 2535 2519 2535 2519 168 3876 Jul 10 2510 2500 2515 2485 1466 ***** Aug 10 2472 2457 2477 2447 7056 ***** Sep 10 2448 242966 words
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Article23 2010-05-31 26 May 28 Open High Sett STI May SIMSCI May Taiwan May 258.9 262.4 259.5 Source: MF Global (S) Pte. Ltd23 words
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Article85 2010-05-31 26 May 27 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 1.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article22 2010-05-31 26 May 27 S$ Bid Offer 1-month 1.4031 1.4046 2-months 1.4031 1.4046 3-months 1.4030 1.4046 6-months 1.4027 1.4043 Source: OCBC22 words
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Article347 2010-05-31 26 May 28 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun10 99.4325 0 2323 Sep10 99.2400 0 1548 Dec10 99.0500 0 1213 Mar11 98.8800 0 628 EUROYEN TIBOR FUTURES Jun10 99.6100 210 5280 Sep10 99.6250 99.6250 99.6250 99.6200 150 3168 Dec10 99.6250 0 1461 Mar11 99.6175 5347 words
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Article160 2010-05-31 26 May 27 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jun 10 392.0 392.0 392.0 64 Jul 10 370.0 370.0 370.0 52 Aug 10 335.0 335.0 335.0 40 Sep 10 320.0 20 Oct 10 305.5 305.5 312.0 10 Nov160 words
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Article88 2010-05-31 26 May 27 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****X 26.08.2010 0.29 1-Year BY*****W 03.05.2011 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0A 2.625 01.04.2012 103.84 103.87 103.7 5-Year N*****0N 1.375 01.10.2014 101.83 101.85 101.7588 words
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Article132 2010-05-31 26 May 27 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.1520 1.1870 Can dollar 1.3120 1.3290 Euro 1.7110 1.7300 NZ dollar 0.9300 0.9500 Sterling pound 2.0190 2.0420 US dollar 1.4030 1.4190 Local dollars to 100 units of foreign132 words
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Article182 2010-05-31 26 May 27 $S Offer Bid Overnight 0.03 PAR 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 3/16 US$ Offer Bid 7 days 0.45 0.35 1 month 0.60 0.40 2 months 0.63 0.43 3 months 0.65 0.45 6 months 0.90 0.70 9 months 1.10 0.90 12182 words
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2748 2010-05-31 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 0.5 416 1 15 4.75 48 4085 ASJ Hldgs W*****1 3 -0.5 96 1 4 2.33 21 2036 Advance SCT Ltd W*****9 0.5 1 872,748 words
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Article465 2010-05-31 26 May 27 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.882 5.708 0.680 6.508 39.156 77.418 0.754 10.227 2.752 1.246 71.181 38.826 1.173 6.416 0.966 26.881 27.190 0.577 0.836 Canada 1.133 6.470465 words
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Article138 2010-05-31 26 May 28 GOLD (US$/oz) May 27 May 28 Hong Kong 1212.10 1214.50 May 28 May 27 London 1202.60 1214.75 1203.40 1215.50 Source: Thomson Reuters CAST BAR May 27 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 132.68 55 5gm 375.57 275 10gm 669.82138 words
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Article154 2010-05-31 26 May 27 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1723 1.1738 0.8355 0.8357 Canadian dollar 1.3286 1.3307 0.9469 0.9474 Euro 1.7229 1.7250 1.2279 1.2281 NZ dollar 0.9406 0.9422 0.6704 0.6708 Sterling pound 2.0323 2.0347 1.4484 1.4486154 words
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Article71 2010-05-31 26 May 28 May 28 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2012.75 2034.50 3 months 2043.00 2065.00 Copper, Grade A (US$/tonne) Cash 6911.25 6955.00 3 months 6939.00 6984.00 Lead (US$/tonne) Cash 1823.75 1816.75 3 months 1850.00 1844.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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Article105 2010-05-31 26 May 28 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 10 937.75 951.75 956.00 936.50 Aug 10 927.75 941.50 945.00 926.25 Sep 10 914.75 926.25 930.25 912.25 Nov 10 907.75 918.75 921.75 906.25 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jul 10 37.61 38.18 38.26105 words
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Article82 2010-05-31 26 May 28 May COCOA (£/tonne) Close Prev High/Low Jul 10 2420 2434 2445/2396 Sep 10 2341 2355 2361/2312 Dec 10 2283 2306 2311/2259 Mar 11 2253 2276 2281/2246 COFFEE (US$/tonne) Close Pev High/Low May 10 1301 1301 Jul 10 1338 1336 1340/1325 Sep 10 1374 1372 1376/1361 Nov 1082 words
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Article77 2010-05-31 26 CRUDE OIL PRODUCTS May 27 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 74.33 2.97 WTI (Near Mth) 74.52 3.12 Dubai (1-Mth F) 71.86 1.75 Tapis blend 77.95 1.80 Minas 77.30 1.80 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 69.44 1.39 Jet Kerosene 82.80 1.70 US$/barrel Opec Oil77 words
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Page 26 Advertisements
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Advertisement186 2010-05-31 26 I am a parent looking to save on remittances for my child's education W m V//. V the smarter way of sending money overseas DBS foreign exchange rates leave more in your wallet when you send money overseas. One of the most competitive foreign exchange rates around Preferential foreign exchange186 words
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Page 27 Advertisements
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Advertisement1431 2010-05-31 27 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W. Malaysia, Indonesia Destination ORIENTE PRIME1,431 words
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Advertisement1635 2010-05-31 27 WAN HAI INTERNATIONAL PTE LTD UEN: *****4695M TEL: *****588 (14 LINES) FAX: *****163 PKL TEL: (03) *****588 FAX: (03) *****566 PEN TEL: (04) *****00 FAX: (04) *****99 JOH TEL: (07) *****23 FAX: (07) *****21 SUR TEL: (031) *****75 FAX: (031) *****14/*****05 JKT TEL: (021) *****88 FAX: (021) *****88 PLM TEL:1,635 words
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Page 28 Advertisements
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Advertisement1270 2010-05-31 28 SHIPPING TIMES HDS LINES THE SHORTEST TRANSIT TO PERSIAN GULF Visit our website at: TBA CONTAINER SERVICE TO JEDDAH, ISTANBUL, MIDDLE EAST, PERSIAN GULF, CIS, MEDITERRANEAN AND NORTHERN EUROPE HDM SERVICE FMX and SMX SERVICE Connecting EMC SERVICE via MALTA VESSEL VOY SIN PKG JEA BND BIK SIN PKG JED1,270 words
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Advertisement824 2010-05-31 28 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) MUA SIN PG PKL JKT SUR MODERN DRIVE 39 80 01/06 02/06 04/06 OCEAN BENIGNITY 1 60 04/06 05/06 01/06 04/06 CORAL HERO 103 50 80 08/06 10/06 POSITIVE STAR 52 100 08/06 11/06 12/06 16/06824 words
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Advertisement816 2010-05-31 28 WEEKLY EXPRESS SAILING SCHEDULE WESTBOUND TO: COLOMBO, COCHIN, NHAVA SHEVA, JEBEL ALI ALSO ACCEPTING CONTAINERS TO ALL NORTHERN AND WESTERN INDIAN ICD POINTS VESSEL VOY SIN PKL (N PORT) CMB (JCT2) NSA (NSICT) CMB(JCT2) KOTA LANGSAR 001W 01 JUN 02 JUN OMIT 10 JUN 13 JUN STADT ROSTOCK 0008W P/OUT816 words
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BizIT
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Article, Illustration1452 2010-05-31 29 KENNETH JAMES - CEO Steve Ballmer says mistakes were made, but that the future is ‘all upside’ By KENNETH JAMES THERE’S a relaxed buzz in the large meeting room at the Marina Bay Sands Convention Centre, where over 100 business leaders are gathered for a breakfast dialogue with Microsoft CEOYEN MENG JIIN - 1,452 words
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Article538 2010-05-31 29 MICROSOFT CEO Steve Ballmer is, in his words, “literally betting the company” on the success of its still-nascent cloud computing strategy. And it’s not the financial returns that worry him. “The big issue with the cloud for us isn’t ‘can we make more money?’ The answer to538 words
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Article, Illustration432 2010-05-31 29 CHAN YUPING - By CHAN YUPING WITH protectionism and cost pressures on the rise, technology companies in Singapore need to balance both long-term and short-term plans in order to continue with their globalisation efforts, according to PricewaterhouseCoopers (PwC). Singapore plays an integrated role in the Asia-Pacif-ic region in432 words
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577 2010-05-31 29 TIMOTHY SEOW - By TIMOTHY SEOW DESPITE the media blitz surrounding it, Cloud computing is still something that most Singapore SMBs (small and medium-sized businesses) are a bit wary about, even though it could drastically reduce their IT costs. However, at least two local SMBs present at577 words
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<what’s up>
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Article, Illustration75 2010-05-31 29 SAMSUNG launched its flagship Android OS (operating system) smart phone, Galaxy S, in Singapore last week. SingTel will start selling the phone from June 4 and it will be the first telco to do so globally. The four-inch touch screen phone running on Android75 words
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41 2010-05-31 29 EPICENTRE, an Apple Premium Reseller, has opened a new 1,600 square feet store at Marina Bay Sands. The new store is operating in a soft launch phase and will be officially launched on June 26.41 words
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Article71 2010-05-31 29 FIFTEEN students graduated from the inaugural Professional Conversion Programme for Software Developers (PCP SD). After completion of the programme which comes with a four-and-a-half month internship with a company, ISS-NUS will provide job placement opportunities for the trainees. The PCP SD brings together best practices and proven71 words
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Article82 2010-05-31 29 JASLENE PANG - Compiled by JASLENE PANG STARHUB last week started offering HappyTalk an extra 300 minutes of talktime every month to make local outgoing calls. HappyTalk is available to all customers on any 3G SmartSurf or PowerValue plan. For more information, check www.starhub.com/happytalk. StarHub also announced that it82 words
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Article, Illustration584 2010-05-31 30 RAJU CHELLAM - Aim is to boost demand for sophisticated services on the wireless platform, writes RAJU CHELLAM RAJU CHELLAM SINGAPORE is creating a conducive infocomm environment to capitalise on the rapidly evolving technology in mobile broadband, encompassing futuristic areas such as femtocells, long-term evolution (LTE)Source: IDA - 584 words
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360 2010-05-31 30 RAJU CHELLAM - By RAJU CHELLAM SINGAPORE will lead the South-east Asia region in LTE (Long Term Evolution) and mobile WiMax adoption, since 3G and 3.5G penetration in Singapore is far higher than in other countries in the South-east Asian (SEA) region, according to360 words
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Advertisement239 2010-05-31 30 Big decisions follow you around. fl Expanding overseas is essentia might we face? 'v V v VO A 4 fil'jV'i.U j -V cJf jJ- ;.i ;V-r, HT < i 'JTAL mi i .n e^jL^y- 53» -V m ►w> KV si MSB »i It S! «te v> ?N '"Wp&Sr? j irP'v239 words
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Advertisement10 2010-05-31 30 MICROSOFT Steve Ballmer discusses the future of computing Page 2910 words
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